G-III Apparel Group, Ltd. (NASDAQ:GIII) Vice Chairman Sammy Aaron sold 51,000 shares of the stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $33.62, for a total transaction of $1,714,620.00. Following the transaction, the insider now owns 556,152 shares of the company’s stock, valued at approximately $18,697,830.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
G-III Apparel Group, Ltd. (NASDAQ GIII) traded up $1.54 during mid-day trading on Thursday, hitting $40.16. 701,290 shares of the stock were exchanged, compared to its average volume of 811,186. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.52 and a quick ratio of 1.91. G-III Apparel Group, Ltd. has a one year low of $18.00 and a one year high of $40.27. The company has a market capitalization of $1,910.00, a price-to-earnings ratio of 47.81, a P/E/G ratio of 1.74 and a beta of 0.28.
G-III Apparel Group (NASDAQ:GIII) last released its quarterly earnings data on Tuesday, December 5th. The textile maker reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.13. G-III Apparel Group had a net margin of 1.58% and a return on equity of 5.65%. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period last year, the business earned $1.50 earnings per share. G-III Apparel Group’s revenue was up 15.9% compared to the same quarter last year. analysts anticipate that G-III Apparel Group, Ltd. will post 1.5 EPS for the current fiscal year.
GIII has been the subject of a number of research reports. Zacks Investment Research upgraded shares of G-III Apparel Group from a “hold” rating to a “strong-buy” rating and set a $40.00 target price for the company in a research report on Thursday, December 7th. BidaskClub upgraded shares of G-III Apparel Group from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th. Telsey Advisory Group increased their target price on shares of G-III Apparel Group from $36.00 to $39.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 6th. Cowen set a $32.00 target price on shares of G-III Apparel Group and gave the stock a “hold” rating in a research report on Thursday, November 30th. Finally, Piper Jaffray Companies set a $36.00 target price on shares of G-III Apparel Group and gave the stock a “buy” rating in a research report on Wednesday, December 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $35.00.
G-III Apparel Group Company Profile
G-III Apparel Group, Ltd. designs, manufactures and markets a range of apparel products. The Company operates through two segments: wholesale operations and retail operations. Its apparel products include outerwear, dresses, sportswear, swimwear, women’s suits and women’s performance wear, as well as women’s handbags, footwear, small leather goods, cold weather accessories and luggage.
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